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The net profit of the second quarter of 2021 reached AED 15.3 million compared to AED 44.2 million in the second quarter of 2020.
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Chairman DFM says the total number of its investor base reached 847,939, from 207 countries, at the end of June 2021.
DUBAI: Dubai Financial Market has announced a net profit of AED 38.8 million ($10.56) for the first half of the year ending 30 June compared to AED 78.9 million during the corresponding period of 2020.
The net profit of the second quarter of 2021 reached AED 15.3 million compared to Q2- 2020’s level of AED 44.2 million, local media reports said.
The company’s total consolidated revenue reached AED 136.6 million in H1-2021— operating income (AED 87.9 million) and investment and others (AED 48.7 million)— compared to AED 181.1 million during H1-2020.
Essa Kazim, chairman DFM, said the company has maintained its attractiveness to retail and institutional investors as 1842 new investors joined the market, including 315 institutions, bringing total number of its investor base to 847,939 investors from 207 countries at the end of June 2021.
“Foreign investors accounted for 69 percent of the new investors (1270 investors),” he said.
“The Market Capitalization of listed securities saw a 14 percent increase to AED 388 billion while the General Index advanced 13 percent, in spite of the 8.4 percent decline in total trading value to AED 28.5 billion compared to its level in the corresponding period of 2020,” Kazim said.
Kazim said foreign investors continued their noticeable presence with a market share of 48.2 percent of trading activity during the first half, equivalent to AED 13.7 billion and an ownership of 18.5 percent of the market capitalization at the end of June 2021.
“These indicators underline investors’ deep confidence on the market, which we have clearly observed during the recent round of the International Investor Roadshow 2021 last May,” Kazim added.